Thailand’s PTT Has Sufficient Headroom to Support Acquisitions
Thailand-based PTT Public Company Limited’s (BBB+/AAA(tha)/Stable) petrochemical and power acquisitions, which form part of its energy transition plan, will enhance the group’s geographic and business diversification, Fitch Ratings says. The acquisitions will drive up PTT’s financial leverage over the next two years, but the current low financial leverage should provide headroom to absorb the investments. […]
